AME Amtek stock Story

AME -  USA Stock  

USD 130.65  3.34  2.49%

It looks as if AMETEK will continue to recover much faster as its share price surged up 0.73% today. This firm's current daily volatility is 1.48 percent, with a beta of 0.35 and an alpha of 0.16 over DOW. While many traders are getting carried away by overanalyzing electrical equipment, it is reasonable to digest AMETEK Inc. What exactly are AMETEK shareholders getting in November?
Published over six months ago
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Chances of AMETEK to dip after the volatility ascents
AMETEK Inc has roughly 1.13 B in cash with 1.26 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.93. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. AMETEK has an asset utilization ratio of 72.07 percent. This indicates that the company is making $0.72 for each dollar of assets. An increasing asset utilization means that AMETEK Inc is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Amtek, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Amtek along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Amtek's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Amtek in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amtek. Your research has to be compared to or analyzed against Amtek's peers to derive any actionable benefits. When done correctly, Amtek's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Amtek Inc.

How important is Amtek's Liquidity

Amtek financial leverage refers to using borrowed capital as a funding source to finance Amtek Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Amtek financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Amtek's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Amtek, but it might be worth checking our own buy vs. sell analysis

Amtek Correlation with Peers

Investors in AME Amtek can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Amtek Inc. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Amtek and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities AME Amtek is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of AME Amtek for more details

Breaking it down

We consider AMETEK very steady. AMETEK Inc secures Sharpe Ratio (or Efficiency) of 0.0696, which signifies that the company had 0.0696% of return per unit of risk over the last month. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for AMETEK Inc, which you can use to evaluate future volatility of the firm. Please confirm AMETEK Inc Downside Deviation of 1.66, mean deviation of 1.07, and Risk Adjusted Performance of 0.1379 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Will AMETEK continue to surge?

Latest skewness indicator falls down to -0.74. Possible price growth? AMETEK Inc has relatively low volatility with skewness of -0.74 and kurtosis of 0.83. However, we advise all investors to independently investigate AMETEK Inc to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Final Takeaway

Although many of the other players under the specialty industrial machinery industry are still a bit expensive, AMETEK may offer a potential longer-term growth to shareholders. To sum up, as of the 29th of October 2020, we believe AMETEK is currently undervalued. It slowly supersedes the market and projects low chance of bankruptcy in the next two years. Our up-to-date 30 days advice on the firm is Strong Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Amtek Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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